Automotive Thermal Management System Market Insights on Current Scope 2030

The global automotive thermal management system market size is expected to be USD 38.9 billion in 2021 and reach USD 46.71 billion in 2027, registering a CAGR of 3.10% during the forecast period, 2021-2027. With increasing advancement in technology and in-vehicle electronic and electrification systems such as infotainment, navigation, electric drive, and transmission. Also, the rising demand for maintaining the system temperature as well as the need for the efficient power distribution in the system temperature has raised the demand for the automotive thermal management system. With the advancement of vehicle electrification, the auto parts suppliers are giving more effort towards their strength in the global competitive market.

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Factors Affecting the Automotive Thermal Management System Market over the Forecast Period
Stringent government norms related to the vehicle thermal management system and its lubricants are the major factors responsible for the ups and downs for the global market in the coming years. Increase in new trends for the electric and hybrid vehicles worldwide is estimated to boost up the automotive thermal management system market.

Currently, leading automotive OEMs are putting efforts to boost the integration of the waste heat recovery system in their vehicles, enhancing the fuel efficiency of their vehicles. Integration of automotive battery thermal management system with other electric thermal management systems is the major trend in the development of the market.

Various issues faced at the time of manufacturing of thermal components, such as the design of optimal flow channels, selection of coolant, and complexity of flow and model, are the major challenges for the manufacturer in the market over the forecast period.

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Impact of COVID-19 on Automotive Thermal Management Market
Due to the COVID-19 breakdown, the demand for public vehicle transportation has reduced, so the demand for automotive thermal management systems has reduce gradually. But on the same point, the buses, trucks, and large transport vehicles have increased as the supply of products has increased, so the Manufacturer of the thermal management system hasn't stopped the production.

Scope of the Report
The report outlines the study of the structure based on application, vehicle, technology, components, and end-use.

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Automotive Thermal Management System Market, by Application Type
Engine Cooling
Front Air Conditioning
Rear Air Conditioning
Transmission System
Heated/Ventilated Seats
Heated Steering
Waste Heat Recovery
Automotive Thermal Management System Market, by Vehicle Type
Passenger Cars
Light Commercial Vehicle
Heavy Commercial Vehicle
Automotive Thermal Management System Market, by Technology
Active Transmission Warm-Up
Exhaust Gas Recirculation
Engine Thermal Mass Reduction
Reduced HVAC System Loading
Other
Automotive Thermal Management Market Regional Outlook
The automotive thermal management system has been segmented into five geographical regions: North America, Asia Pacific, South America, Europe, the Middle East, and Africa. In 2020, Asia Pacific held the largest share in the global automotive thermal management system, followed by Europe and North America. The Asia Pacific is further estimated to dominate the automotive thermal management system during the forecast period. Moreover, North America is expected to project the highest CAGR in the global market over the forecast period.

Key Global Automotive Thermal Management Market Competitors Includes
The automotive thermal management system market is highly fragmented, with the presence of large companies and big brands across the globe. The key automotive thermal management system players operating in the global market include -

Denso Corporation
Modine Manufacturing Company
MAHLE GMbH
Valeo
Gentherm
Hanon Systems
Dupont
Renesas Electronic Corporation
Ymer Technology
NORMA Group
Borgwarner Inc.
Robert Bosch GmbH
Dana Limited
Voss Automotive GmbH
The automotive thermal management system report provides a thorough analysis of macro-economic factors and every segment's market attractiveness. The report will include an in-depth qualitative and quantitative assessment of the segmental/regional outlook with the market players' presence in the respective segment and region/country. The information concluded in the report includes the inputs.

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Automotive Thermal Management Market Report Covers Comprehensive Analysis on
Market Segmentation & Regional Analysis
Market Size of 10 years
Pricing Analysis
Supply & Demand Analysis
Product Life Cycle Analysis
Porter's Five Forces & Value Chain Analysis
Developed & Emerging Economies Analysis
PEST Analysis
Market and Forecast Factor Analysis
Market Opportunities, Risks, & Trends
Conclusion & Recommendation
Regulatory Landscape
Patent Analysis
Competition Landscape
15+ Company Profiles
Automotive Thermal Management Market Regional Analysis Includes
North America (US, Canada, Mexico)
South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe)
Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific)
The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA
Automotive Thermal Management Market Target Audience
Associations and industrial bodies
Automotive thermal management system manufacturers
HVAC manufacturers
Automotive component suppliers and distributors
Research institutions and universities
Independent aftermarket players
Government bodies
Regulatory authorities
Policymakers
Automotive OEMs manufacturers

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